Thanks abc1938! I've been as busy as BAA and gold have been slow in December. I'm looking forward to 2015. Right now I have higher hope for BAA than gold, especially in the first half. It seems like Asia and Europe are competing with each other to do more QE and they are modeling their implementation on what the US did.
In the near term that isn't great news for gold because Asian and European stocks should benefit greatly like US stocks did and safe haven investments like gold don't look attractive. On top of that the very nature of QE keeps inflation well in check. But I believe there is a silver lining in that all this QE is raising gold's floor. Gold and other metals are among the few reality checks the world's economy has left.
There no longer seem to be many out there calling for gold to crash below $1,000 and since BAA can turn a profit on $1,100 gold and possibly even $1,050(ish) BAA should be able to deliver a 2015 EPS above its current PPS.
The more money the world prints the weaker the panic-inducing catalyst needs to be and when it occurs the world won't be able to buy gold fast enough.
When that happens the entire mining sector is going to go TO DA MOON and as long as Banro can hold it together BAA will be the one leading them!
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